BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

By nominating the candidacy of the former head of the Organization of Islamic Cooperation (OIC), Ekmeleddin Ihsanoglu for the presidential elections, the Turkish opposition admitted defeat, Turkish Haber7 TV channel quoted the country's Interior Minister Efkan Ala as saying on June 23.

Ala pointed out that the opposition is hiding from the country's realities; it seems that they do not exist at all.

He went on to add that the upcoming presidential elections in the county have a special meaning, since the president will be elected not by the parliament, but by the people this time.

The presidential elections in Turkey have been scheduled for August 10, 2014.

If none of the candidates gathers 51 percent of votes in the first round, the second round will take place on August 24.

As distinct from the previous presidential elections, the Turkish president will be elected by people, but not by the parliament as of 2014, according to the results of a referendum held in 2007.

The Turkish president will be elected for five-year term instead of the previous seven-year term, according to the referendum results.

The country's Deputy Prime Minister Bulent Arinc earlier said that the great support of the Turkish people and the results of the municipal elections give ground to say that the Turkish prime minister can be elected president if his candidacy is nominated.

Turkish oppositional Republican People's Party nominated the former Secretary-General of OIC, Ekmeleddin Ihsanoglu as a candidate for the presidential elections on June 16.

The party leader Kemal Kilicdaroglu said that Ihsanoglu is a kind of person, whose candidacy will be supported by all segments of the society.

Moreover, another two oppositional parties, namely, Grand Unity Party and the Democratic Party also intend to support his candidacy.